Amt

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Alternative Minimum Tax (AMT)

A federal tax aimed at ensuring that wealthy individuals, estates, trusts, and corporations pay a minimal level income tax. For individuals, the AMT is calculated by adding adjusted gross income to tax preference items.

Amt

In Denmark and Germany, a political subdivision equivalent to a county.

AMT

Alternative minimum tax (AMT).

The alternative minimum tax (AMT) was designed to ensure that all taxpayers pay at least the minimum federal income tax for their income level, no matter how many deductions or credits they claim.

The AMT is actually an extra tax, calculated separately and added to the amount the taxpayer owes in regular income tax. Some items that are usually tax exempt become taxable and special tax rates apply. For example, income on certain tax-free bonds is taxable.

Increasing numbers of taxpayers trigger the AMT if they deduct high state and local taxes or mortgage interest expenses, exercise a large number of stock options, or have significant tax-exempt interest.

Alternative Minimum Tax (AMT)

A method of computing tax under which some of the income and deductions reported on the forms and schedules filed with your tax return are figured differently or disallowed. For example, interest on certain tax-exempt bonds is taxable for the alternative minimum tax, certain itemized deductions are not allowed when figuring the alternative minimum tax, and the alternative minimum tax has its own exemption amount, not based on the number of exmptions claimed on your tax return. A taxpayer pays the larger of the "regular tax" or the alternative minimum tax. The alternative minimum tax is computed on Form 6251.
References in periodicals archive ?
Participants of the SMTS group made at least 89 % correct responses on the symmetry trials, whereas accuracy in the AMTS group ranged from 56 % to 72 %.
If the altered MTS procedure indeed trained only positive conditional relations, then the low results of participants of the AMTS group in the symmetry and equivalence tests would indicate that the positive relations involved in the standard MTS procedure by themselves do not promote the formation of equivalence relations.
It's Dan's business experience, coaching background, as well as his 'others first' leadership style that make him the right choice to fill the CEO position, and to be certain, the AM Technical Solutions' Board of Directors, Dan's AMTS peers and I are very confident in this decision and excited for the future of AM Technical Solutions under Dan's leadership.
I'd like to offer a sincere thank you to the entire AMTS family for giving me this opportunity.
8220;Our Founder and Chairman, Tim Self, has a passion for Motorsports and we are now using the Motorsports Platform to promote the AMTS Brand as well as that of some of our partners and charities.